What is Contract Farming ? Contract farming arrangements of different types have existed in various parts of the country for centuries for both subsistence and commercial crops. The commercial crops like sugarcane‚ cotton‚ tea‚ coffee etc. Have always involved some forms of contract farming. Even in the case of some fruit crops and fisheries‚ contract farming arrangements‚ involving mainly the forward trading of commodities have been observed. However‚ in the wake of economic
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void contract under Nepalese contract act by illustrating the cases. According to Nepalese Contract act 2056‚” A contract is an agreement between two or more persons to do or not to do something‚ which can be enforceable by law.” The supreme court of Nepal has defined the contract as “an agreement of two or more parties with conditions.” The word void means not binding in law. A contract which cannot be forced by both of the contracting parties is called a void contract. If a contract which
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SOCIAL CONTRACT THEORY Social contract theory (or contractarianism) is a concept used in philosophy‚ political science and sociology to denote an implicit agreement within a state regarding the rights and responsibilities of the state and its citizens‚ or more generally a similar concord between a group and its members‚ or between individuals. All members within a society are assumed to agree to the terms of the social contract by their choice to stay within the society without violating the contract;
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there are requirements to form a valid contract other than offer and acceptance‚ that are‚ intention to create legal relation and consideration. What is consideration? It can be describe as being something which represent either some benefit to the person making a promise or some detriment to the person to whom the promise is made. The term consideration is given to the subject that is exchanged in a contract.1 It is a fundamental prerequisite in English contract law. 2 The courts has explained the
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Schneidmiller Justice Theory Assignment #1 Ward Churchill’s criticism of social contract theory clearly applies to classic social contract theories that we discussed. However‚ Rawls adds the veil of ignorance concept to his more modern social contract theory. A) Explain the basics of Rawls and Churchill’s arguments and how they each criticize classic social contract theories. B) Discuss whether or not Churchill’s argument applies to Rawls’ modification and explain how and why it does and/or does
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STUDENT ID: S120343 LECTURER/TUTOR: MR HUMPHREY MARAU NUMBER OF WORDS: 2284 Contract law is a body of law that governs oral and written agreements associated with exchange of goods and services‚ money‚ and properties. Not only does contract law set out the rules and guidelines of how to form a contract but also teaches us how the parties to a contract are to fulfil it and what may happen when the terms of a contract are not fulfilled. The background or facts of the scenario are that Credit Corp
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contract law agreement: objective test of intention to agree offer must be matched by other’s acceptance requirement of certainty of agreement parties have intention to create legal relations enforce promise: consideration promise is contained in a deed promissory estoppel (claimant has relied on defendant’s promise) reliance theory: consistent with the harm principle (prevent harm on others) restitution interest
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Contract Law Notes Contracts ‘A’ Offer Bilateral contracts Unilateral contracts Offers to the public at large What is an offer? Mere puff Supply of information Invitation to treat Categorizing transactions Advertisements a) Advertisements in a catalogue or a curricular b) Advertisements in newspapers or magazines c) Advertisements appearing on the internet d) Display of goods Auctions a) Advertisement of auction b) Auctions with reserves c) Auctions without a reserve Tendering
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Classification of Contracts (7 – 1.30) Simple and formal contracts A formal contract is a written contract (such as a deed). A simple contract can be entirely orally or a combination of oral and written. Bilateral Contract: exchange of promise – one promise for another (a promisee’s promise in return for the promisor’s promise or vice versa) o Union Dominions Trust (Commercial) Ltd v Eagle Aircraft Services Ltd [1968] 1 All ER 104 at 108‚ Lord Diplock Unilateral Contract: A one way
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1.0 Contracts and its Elements 1.1 Essentials of a Contract Contracts form part of our daily life e.g. lease of house‚ sale/purchase of cars‚ etc. However‚ there are elements essential to form a contract. These are: 1.1.1 Offer/Invitation MacMillan & Stone (2004) described offer as “an expression of willingness to contract on certain terms. It must be made with the intention that it will become binding upon acceptance. There must be no further negotiations or discussions required.” This can be
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